FOR
IMMEDIATE RELEASE
15 May 2024
Globalworth Real Estate
Investments Limited
("Globalworth" or the
"Company")
Notice of AGM and
Availability of Annual Report
Notice of AGM
Globalworth announces that the following documents
are available on the Company's website at www.globalworth.com/investor-relations/key-corporate-documents:
·
Letter to Shareholders dated 15 May
2024
·
Notice of AGM dated 15 May 2024
The Letter and the Notice of AGM
should be read in full before taking a decision. This notification
is not a summary of the Letter and the Notice of AGM, and should
not be regarded as a substitute for reading them.
The Board of Globalworth is pleased
to provide formal notice of the Company's AGM, which is set out in
the Notice of AGM, and which is to be held at the Company's
registered office address located at Anson Court, La Route des
Camps, St Martin, Guernsey GY4 6AD at 9.30 a.m. on 17 June
2024.
In addition to the customary AGM
business, and in line with company practice in recent previous
years, two additional resolutions are being
proposed:
·
Pursuant to the Globalworth Share Award Plan (the
"Plan"), certain employees
have the right to receive shares in the Company which are then
issued to the employees no earlier than 12 months after the date of
their award. The Company wishes to grant such employees a put
option, via an instrument (the
"Buy Back
Instrument"), to require the Company
to repurchase the shares awarded (the "Sale Shares") during the three month
period after their issue, the Sale Shares to then be repurchased
off-market and at the price at which they were issued, and subject
to such other terms and conditions as set out in the Buy Back
Instrument. The total number of shares to which this relates is
138,651 which is equivalent to 0.052% of the current
total number of voting rights in the
Company.
·
The authority set out in proposed Resolution 9 is
intended to provide the Board with authority to execute the Buy
Back Instrument. Proposed Resolution 10 will permit the Company to
repurchase the Sale Shares notwithstanding the expiry of the
authority to execute the Buy Back Instrument.
2023 Annual
Report
To receive a copy of the 2023 Annual
Report, please contact the Investor Relations team
at: ir@globalworth.com.
It is also available to review and/or download at
www.globalworth.com/investor-relations/financial-reports-and-presentation
For further information
visit www.globalworth.com or
contact:
Enquiries
|
|
Rashid Mukhtar
Group CFO
|
Tel: +40 732 800 000
|
Panmure Gordon (Nominated Adviser
and Broker)
Dominic Morley
|
Tel: +44 20 7886 2500
|
About Globalworth / Note to Editors:
Globalworth is a listed real estate
company active in Central and Eastern Europe, quoted on the
AIM-segment of the London Stock Exchange. It has become the
pre-eminent office investor in the CEE real estate market through
its market-leading positions both
in Poland and Romania. Globalworth acquires,
develops and directly manages high-quality office and industrial
real estate assets in prime locations, generating rental income
from high quality tenants from around the globe. Managed by over
269 professionals across Cyprus,
Guernsey, Poland and Romania the combined value
of its portfolio is €3.0 billion, as at 31 December 2023.
Approximately 96.8% of the portfolio is in
income-producing assets, predominately in the office sector, and
leased to a diversified array of over 715 national and
multinational corporates. In Poland Globalworth is
present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk
and Katowice, while in Romania it has assets
in Bucharest and seven other cities.